Overview
- The Argentine government said it will fix the new Salario Mínimo Vital y Móvil by decree after the Council of Salary closed without agreement.
- Unions sought increases above 500,000 pesos—CGT/CTA to 553,000 by April and CTA Autónoma to 736,000—while employers offered 326,000 now and 349,000 in April.
- The current floor is 322,000 pesos, below October’s Canasta Básica Total of about 392,815 pesos, and unions rallied outside the Labor Secretariat during the meeting.
- CTA’s research arm (CIFRA) estimates the minimum has lost roughly 35.2% of its purchasing power since Javier Milei took office, as labor leaders accuse the government of siding with employer chambers.
- In Mexico, Conasami’s tripartite process opens its 2026 decision with proposals near 11% from officials and analysts versus a 30.6% push from worker representatives, while economists warn further large hikes risk pressure on small firms, jobs and prices.